You may consider applying for the Chase Slate Edge Credit Card if you want to decrease your interest rates and enjoy a car debt relief program.Â
- READ THE FULL REVIEW: Credit card debt relief program? Meet the Chase Slate Edge Credit Card!
Furthermore, you can use your Chase Slate Edge Credit Card to pay off the costs of higher-rate credit cards or consolidate balances. Since this card has a long introductory APR period, cardholders can drastically reduce their interest expenses.
Additionally, you can enjoy other features, like reduced APR after the introductory period by paying bills on time and more.
In this article, you will learn how to apply for the Chase Slate Edge Credit Card.
Debt relief program and more perks:
The Chase Slate Edge credit card is a sidekick for those who want to relieve their debts and reduce their interest rates. Meet the main advantages:
- 18 months from account opening of intro APR;
- APR reduction by 2% when paying your bills on time and spending at least $1,000 on your card until your next account anniversary
- Increase your limit by paying your bills on time and spending $500 in your first six months.
To learn more about the features of the Chase Slate Edge credit card, click here.
Chase Slate Edge Credit Card eligibility criteria
To begin with, it’s essential to understand that each credit card has its own eligibility criteria. Each credit card has its eligibility criteria, which range from credit score to salary information. Let’s check the Chase Slate Edge credit card requirements.
Minimum credit score: Chase typically targets consumers with good to excellent credit scores for its Slate Edge Credit Card. The required score can vary, but a FICO score above 670 is often recommended for approval.
Remember that other factors beyond the credit score, such as income and existing debts, also impact the approval decision.
Income Stability: Demonstrating a stable income is essential for any credit card approval. If you want to apply for Chase Slate Edge, ensure you can repay any credit extended to you. Having a reliable source of income can improve your chances of approval.
Debt-to-Income Ratio: The ratio of your monthly debt payments to your monthly income. A lower ratio indicates that you don’t have many debts and are more likely to pay your card on time.
Credit History: The issuer will review your payment history and length factors. Because of that, maintaining a history of on-time payments and responsible credit usage can improve your Chase Slate Edge Credit Card eligibility.
How to apply
Filling out the application accurately is crucial to being approved. That’s why it’s so important to know the application process step by step.
- Step 1: Visit the Chase Credit Card’s official website;
- Step 2: Select the Chase Slate Edge credit card and click on “Apply now”;
- Step 3: If you have a Chase account, click on the “Sign In” button, or if you don’t, click on “Apply as a guest.”;
- Step 4: Carefully read all requested information and fill in the fields correctly;
- Step 5: Review all information and click the “Submit” button to see if it is correct.
- Step 6: Wait for an answer. Usually, applicants may receive a decision within minutes if the application is processed instantly online. However, in some cases, Chase may need additional time to review the application, which could delay a few days or even weeks.
Bonus Round: Chase Slate Edge vs. Citi Simplicity Card
Intro APR
- Chase Slate Edge: 0% intro APR for 18 months; after that, a variable APR of 20.49%–29.24%.
- Citi Simplicity Card: 0% intro APR for 21 months on balance transfers from the date of first transfer (after, 19.24% – 29.99% variable APR).
Balance Transfers fees
- Chase Slate Edge: 3% for the first 60 days of account holding, then $5 or 5% of the amount of each balance transfer,Â
- Citi Simplicity Card: 3% for the first four months of account opening. After that, a balance transfer fee of 5% of each transfer.
Annual fee
- Chase Slate Edge: None
- Citi Simplicity Card: None
Rewards
- Chase Slate Edge: None
- Citi Simplicity Card: None
Who is the winner?
These two credit cards are great options for those who want to spend less on fees. Both have long Intro APR periods, but the Citi Simplicity Card stands out at 21 months.
- READ THE FULL REVIEW: Credit card debt relief program? Meet the Chase Slate Edge Credit Card!
On the other hand, the Chase Slate Edge Credit Card has the excellent benefit of an interest rate reduction of 2% when you pay on time and spend at least $1,000 on your card by your next account anniversary.
If you’re interested in applying for a Chase Slate Edge card, click here.
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Disclaimer:
This content is not intended to be financial advice. Please consult a financial professional for guidance on your specific situation.
The rates and terms of the card are subject to change. Please refer to the credit card company’s website for the most up-to-date information.